| |
Notes to the Segment Report
Segment reporting is prepared according to IAS 14
(Segment Reporting). Segmentation is defined along
internal control and reporting lines in the Group.
It was a decision of management to restructure the
Group in 2004. The four geographic regions that
had existed hitherto were amalgamated into three
regions. This accurately reflects the new direction
in control. Since the parent company Software-AG,
the research and development companies SAG-IN,
SQL, SAG-IRL and the non-operational sub-holding
SIH and SAG-MK report inter-company sales almost
exclusively, these companies were included in
the column “research and development, central
functions and consolidations”.
Regions in 2004:
1.) The Northern Europe/USA segment includes the
SAG-USA Group (excluding revenues from sales
partners in Israel, Japan and the business division
of Latin America), SAG-CAN, SAG-UK, SAG-DK,
SAG-N, SAG-S, SAG-SF, SAG-ZA, as well as
revenues from the sales partner in South Africa.
2.) The Southern and Western Europe segment encompasses
the companies SAG-E, with its subsidiaries
SAG-P and SAG-ESYS, SAG-F, SAG-I,
SAG-B, SAG-NL with its subsidiaries the IC Group
and SAG-MS, SAG-TR, SAG-MEX and the business
division of Latin America of the SAG-USA
Group and the business division of Greece of
the SAG-ME company.
3.) The Central and Eastern Europe, Asia segment
is composed of the companies SAG-D, SAG-ME
(without revenues from the business unit,
Greece), SAG-PL, SAG-CS, SAG-A, SAG-CH, SAG-AUS
(holding company), SAG-AUS, SAG-PHI,
SAG-HK, SAG-TW, SAG-SIN, SAG-AP, SAG-MAL and
revenues from sales partners Israel and Japan
of the SAG-USA Group.
Segment report for the twelve months ended December 31, 2004
Segment report for the twelve months ended December 31, 2003
(Tables)
Regions in 2003:
1.) The America segment includes the SAG-USA
Group (without revenues from sales partners in
Japan, South Africa and Israel), SAG-CAN and
SAG-MEX.
2.) The Southern and Western Europe segment
includes the companies SAG-E with its subsidiary
SAG-P, SAG-F, SAG-I, SAG-B, as well as
SAG-NL with its subsidiaries IC Group and
SAG-MS.
3.) The Northern Europe, Asia/Pacific segment is
composed of the companies SAG-UK, SAG-HK,
SAG-MAL, SAG-SIN, SAG-TW, SAG-AP, SAG-PHI,
SAG-AUS (holding company), SAG-AUS, SAG-ZA,
SAG-DK, SAG-N, SAG-S, SAG-SF and revenues
from sales partners of the SAG-USA Group in
Japan and South Africa.
4.) The Central and Eastern Europe segment comprises
the companies SAG-D, SAG-ME, SAG-A,
SAG-CH, SAG-CS, SAG-TR, SAG-PL, as well as
revenues from the SAG-USA Group sales partner
in South Africa.
The figures for the previous year were adapted to
reflect the new structure.
In order to facilitate the reconciliation, segments are
shown according to the old and new structures for
both years 2003 and 2004. Key figures for 2004 and
the preceding year have also been presented according
to the former structure in order to enhance
transparency.
Contents of individual report lines:
- External sales refer to sales outside the Group.
Since there are no noteworthy inter-segmental
relationships, no separate presentation of internal
and external sales has been undertaken.
- The segment control figure “Operating EBITA”
represents the net income for the period before
financial income, income taxes, extraordinary
items and amortization of goodwill.
- Segment assets are comprised of non-current
assets (intangible assets; property, plant and
equipment; investments in associates) and
current assets (excluding cash and cash equivalents,
securities and inter-company receivables).
Goodwill is allocated to the segments.
- Segment liabilities relate to non-interest bearing
liabilities (excluding financial liabilities, tax liabilities
and inter-company liabilities).
- Segment investment covers both tangible and
intangible assets.
- Depreciation and amortization applies to segment
assets allocated to individual business fields.
Segment report for the twelve months ended December 31, 2004
Segment report for the twelve months ended December 31, 2003
(Tables)
|
|
